Binance to End BULLA Perpetual Price Protection, Widens Funding Rate Cap to ±2%

Cointime update: Binance Futures will end the latest-price protection period for its BULLAUSDT USD-margined perpetual contract at 20:30 Beijing time on Nov. 10, with the mark price transitioning to the standard calculation method over up to three hours. The funding rate cap will widen from ±0.005% to ±2%, and the settlement interval will shorten from four hours to one hour when the previous funding rate hits ±2%. Trading remains unaffected during the transition, and existing orders and positions will not be canceled.